Report Code: A07364 | Pages: 318 | Oct 2022 | 3576 Views | ||
Author(s) : Tanumoy U , Vineet K | Tables: 195 | Charts: 72 |
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Ethernet switch is a multiport network switch or a LAN switch that connects all the computer networking devices together on a computer. It forwards the data only to its destination port where it is required unlike Ethernet hubs, which forward the data to all the ports irrespective of the requirement. The industrial-grade Ethernet switches are particularly designed for connecting the devices in industrial network environments that are subject to extreme operating temperatures of -40°C to 75°C, shocks, and vibrations. Such type of Ethernet switches find applications in industrial and factory automation; rail and intelligent transportation systems (ITSs); marine; and oil and gas sectors.
The ethernet switch market has been severely impacted by the outbreak of the COVID-19 pandemic. With governments of several nations imposing and extending lockdowns, production and manufacturing facilities across the globe have been shut down, owing crisis and unavailability of workforce. Considering the inputs from various industry experts belonging to the various stages of the value chain, such as OEMs, suppliers, integrators, end users, and distributors, and the financial release of various companies in the ethernet switch ecosystem, it is calculated that the market has experienced a decline during 2019–2020. Furthermore, the outbreak of the pandemic has disrupted the global supply chain, thereby creating significant gap in supply chain. Economic impact of the pandemic has been disruptive. Key players operating in the ethernet switch industry temporarily witnessed a slowdown, owing to lack of availability of skilled professional to develop ethernet switch market solutions, which has led to decline in revenues for the financial year 2020 to 2021. However, it is expected that the market will recover from 2021 and remain in the growth stage during the forecast period.
The ethernet switch market is segmented into Type, Configuration and Speed.
By type, the market is divided into modular ethernet switches and fixed configuration ethernet switches. The fixed configuration ethernet switches segment was the highest revenue contributor to the market in 2021.
The configuration segment is divided into unmanaged, smart, managed L2, managed L3, and divided. The managed L3 segment was the highest revenue contributor to the market in 2021.
By speed, the market is analyzed across 1G, 10 G, 25 G, 40 G, 100 G, and others. The 1G segment was the highest revenue contributor to the market in 2021.
Region-wise, the Ethernet switch market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, Nordic, Russia, Poland, Benelux and rest of Europe), Asia-Pacific (China, Japan, India, South Korea and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Factors such as increase in adoption of Ethernet switches due to their benefits and rise in need to ensure efficiency in communication infrastructure in the automotive & transport environment significantly drive the growth of the Ethernet switch industry. In addition, rise in application of Ethernet switch in industrial infrastructures, such as smart grid, intelligent rail & traffic, security & surveillance, and other utilities, fuels the market growth. However, the technological complexity involved in Ethernet switches that makes it vulnerable toward security attacks is anticipated to restrain the market growth. On the contrary, factors such as emergence of Industry 4.0 is anticipated to provide lucrative opportunities for the market growth. In addition, emergence of connected vehicles in the automotive & transportation industry is expected to be opportunistic for the growth of the ethernet switch market during the forecast period.
Significant factors that impact the growth of Ethernet switch market size include rise in application of Ethernet switch in industrial infrastructures, such as smart grid, intelligent rail & traffic, security & surveillance, and other utilities. Moreover, rapid adoption of industrial Ethernet switches due to its benefits is expected to drive the market opportunity. However, the technological complexity involved in Ethernet switches that make it vulnerable towards security attacks might hamper the ethernet switch market growth. On the contrary, emergence of connected vehicles in the automotive & transportation industry is offering potential growth opportunity for the Ethernet switch market share during the forecast period.
The key players in the Ethernet switch industry profiled in the report include, Alcatel-Lucent Enterprise International, Allied Telesis, Inc., Arista, Belden Inc., Black Box Network Services, Broadcom, Cisco Systems Inc., Dell Inc., H3C, Hewlett Packard Enterprise Development LP, HUAWEI, Intel Corp., Juniper Networks, Moxa Inc., Siemens, TRENDnet, Inc., and Advantech Co., Ltd. are provided in this report.
Ethernet Switch Market Report Highlights
Aspects | Details |
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Market Size By 2031 | USD 26.1 billion |
Growth Rate | CAGR of 4.4% |
Forecast period | 2021 - 2031 |
Report Pages | 318 |
Type |
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Configuration |
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Speed |
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By Region |
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Key Market Players | Allied Telesis, Inc. , Arista Networks, Inc., Belden Inc., Black Box, Broadcom Inc., Cisco Systems Inc., Dell Inc., H3C Technologies Co., Ltd, Hewlett Packard Enterprise, Huawei Technologies Co., Ltd., Intel Corporation, Juniper Networks, Moxa Inc., Siemens AG, TRENDnet, Inc., Advantech Co., Ltd., Alcatel-Lucent Enterprise International |
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The Ethernet switch market is going through enormous transformation and growth. Increase in adoption of Ethernet-based solution in a number of industries as well as improvement of data center capacities are fueling the demand for Ethernet switches.
In addition, increase in adoption of Ethernet switches due to their benefits along with the increasing need to ensure efficiency in communication infrastructure in the automotive & transport environment significantly drives the growth of the market. Moreover, rise in application of Ethernet switch in industrial infrastructures, such as smart grid, intelligent rail & traffic, security & surveillance, and other utilities, fuels the market growth. However, the technological complexity involved in Ethernet switches makes it vulnerable toward security attacks, which is anticipated to restrain the market growth. On the contrary, factors such as the emergence of Industry 4.0 is anticipated to provide lucrative opportunities for the market growth. In addition, emergence of connected vehicles in the automotive & transportation industry is expected to be opportunistic for growth of the ethernet switch market during the forecast period.
The ethernet switch market is competitive and comprises a number of regional and global vendors competing, based on factors such as cost of solutions & services, reliability, efficiency of the product, and support services. Owing to the competition, vendors operating in the market are offering advanced industrial Ethernet switch solutions to improve the marketing strategies of enterprises. For instance, in February 2020, Advantech, the leading player in embedded, industrial, IoT, and automation solution platforms launched its latest series of 10G industrial Ethernet switches. This launch extends the coverage of Advantech’s 10G product line by delivering a variety of 10G Ethernet selections. In addition, key players are heavily investing in R&D activities to develop effective Ethernet switch technology and services offerings, which is opportunistic for the market.
The key players profiled in the Ethernet switch market players include, Alcatel-Lucent Enterprise International, Allied Telesis, Inc., Arista, Belden Inc., Black Box Network Services, Broadcom, Cisco Systems Inc., Dell Inc., H3C, Hewlett Packard Enterprise Development LP, HUAWEI, Intel Corp., Juniper Networks, Moxa Inc., Siemens, TRENDnet, Inc., and Advantech Co., Ltd.
A. The ethernet switch market is expected to grow at a CAGR of 4.36% during the forecast period.
A. The global ethernet switch market is projected to reach $26,107.4 million by 2031.
A. The top companies to hold the ethernet switch market share are Alcatel-Lucent Enterprise International, Allied Telesis, Inc., Arista, Belden Inc., Black Box Network Services, Broadcom and others
A. The Ethernet switch market is broadly segmented on the basis of type, configuration, speed, and region.
A. By Type, the modular ethernet switches is expected to grow at the highest CAGR during the forecast period.
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